
Overdraft
Your Benefits from the Overdraft
-
A higher amount compared to your monthly salary, which you can use at any time
-
Competitive interest rates.
-
Fast approval process
-
Automatic renewal
-
Open overdraft line at any time you need
More on Overdraft
-
Maximum amount: up to 3 net monthly salaries – for both employees in a state institution and employees in a private institution, but not more than 6,500 Eur (equivalent in Lek)
-
Duration: 12 months, to be renewed upon your request.
-
Currency: overdraft currency is in the same currency as the client’s salary.
-
Interest Rate: The interest rate is variable and is based on the Retail Credit Bulletin.
-
Repayment scheme: principal can be paid back at any time; interest is paid back on a 3-month basis.
-
Penalties: In the event of delays in the payment of OVD, the bank applies a delay penalty, based on the current Terms & Conditions.
-
Early Re Payment: The bank accepts partial or total repayments before the maturity of the loan. No additional fees apply.
-
Collateral: no collateral or co-borrower is required for OVD.
For more information please download pre-contractual standard overdraft documents on salary
How To Get the Overdraft
This product can only be used by customers who have a salary agreement with our bank
-
Proof of income (from salary, rent, or both).
-
Identification Documents (ID or Passport)
-
The Settlement Agreement signed with the bank.